Rolls-Royce Holdings
British multinational aerospace and defence company
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| February 11 2025 | At the close of London trading, Rolls-Royce Holdings had a market capitalisation of £52.66bn, positioning itself as the 11th-largest company on the London Stock Exchange. |
| 2024 | Updated cost projections for the SMR were estimated to be between £2 billion and £3 billion. |
| July 2024 | Rolls-Royce completed its first engine run on the new test bed 80, marking a milestone in the facility's operational capabilities. |
| 2023 | Entered into a £3.52 million funding agreement with the UK Space Agency to develop a nuclear reactor for lunar space missions. |
| October 2023 | Rolls-Royce announced plans to cut 2,500 jobs, representing 6% of its total workforce. |
| March 2023 | Rolls-Royce announced Rolls-Royce Submarines Limited will provide nuclear reactors for the SSN-AUKUS submarines for the Royal Navy and Royal Australian Navy, with plans to double the Derby site and create 1,170 jobs. |
| January 2023 | Tufan Erginbilgic becomes Chief Executive of Rolls-Royce Holdings, replacing Warren East |
| November 2021 | Rolls-Royce completed the sale of its civil nuclear instrumentation and control business to Framatome, a transaction involving over 550 employees. |
| October 2021 | Anita Frew appointed as Chairman of Rolls-Royce Holdings, succeeding Sir Ian Davis |
| February 2021 | Rolls-Royce began discussions about a potential two-week operational shutdown of its civil aerospace unit due to COVID-19 restrictions. |
| 2020 | Rolls-Royce set the original target cost for a 470 MWe SMR unit at £1.8 billion for the fifth unit built, with a cost of around £3.8 million per MWe. |
| 2020 | Initiated research and development in business jet market niches with a $2 billion annual investment, targeting a predicted market of 8,500 to 9,000 aircraft over the decade. |
| December 2020 | Rolls-Royce announced plans to sell foreign parts of its civil nuclear instrumentation and control business to Framatome as part of its post-COVID recovery strategy. |
| November 2020 | Rolls-Royce announced plans to build up to 16 Rolls-Royce Small Modular Reactor (SMR) nuclear plants across the UK, continuing its nuclear division operations. |
| June 2020 | Test bed 80 was scheduled to be commissioned by mid-2020, representing a significant investment in engine testing infrastructure. |
| May 2020 | Company announced plans to cut 20% of its global workforce (approximately 9,000 staff) due to the COVID-19 pandemic, with around 3,000 job losses expected in the UK. |
| 2019 | Rolls-Royce delivered 510 Trent powerplants and installed 5,029 large engines, with 32% being Trent 700 models. |
| November 2019 | Rolls-Royce aimed to reduce aircraft-on-ground to below ten by mid-2020, with a delayed HP turbine design modification planned for the first half of 2021. |
| September 2019 | Rolls-Royce agreed to sell its civil nuclear services businesses in the U.S., Canada, Mondragon France, and Gateshead UK to Westinghouse Electric Company for an undisclosed sum, involving businesses with $70 million revenue and 500 employees. |
| August 10 2019 | A Norwegian Long Haul Boeing 787-8 experienced an engine failure while departing Rome. The crew successfully performed an emergency landing, with a turbine blade breaking and potentially causing other blade disintegrations. Damage was sustained to the plane's left wing, horizontal stabiliser, fuselage, and main landing gear tyres, with engine parts falling over urban areas. |
| June 2019 | At the Paris Air Show, Rolls-Royce announced the acquisition of Siemens' electric propulsion branch, to be completed in late 2019. |
| January 2019 | A redesigned IP compressor blade design was installed on the Package C Trent 1000 following EASA and FAA approval. |
| 2018 | Construction of the test bed 80 facility commenced, featuring advanced testing capabilities for high-thrust engines. |
| 2018 | Completed a major investment and development cycle, launching six new civil engines including the Trent XWB and Pearl 15 for business aviation, securing orders for 2,700 engines for wide-body aircraft and business jets. |
| 2018 | Ranked as the world's 16th largest defence contractor based on defence revenues, highlighting the company's significant presence in the defence industry. |
| 2018 | Out of 1277 Boeing 787 orders, 420 (approximately 33%) selected the Trent 1000 engine. |
| September 2018 | Initial fix for IP turbine corrosion was installed in over 62% of the affected fleet, with a revised base material and coating. |
| August 2018 | Rolls-Royce took a £554 million charge to address faults with Trent 1000 engines on Boeing 787 Dreamliners, committing to spend £450m on fixes in 2018, £450m in 2019, and £350m in 2020, with work to be completed by 2022. |
| July 2018 | Rolls-Royce divested its commercial marine business by selling it to Kongsberg for £500 million, marking a significant strategic restructuring of the company's portfolio. |
| June 14 2018 | Company announced a major business restructuring to create three decentralized units, with plans to save £400 million annually by 2020 and an upfront restructuring cost of £500 million, potentially reducing workforce by 4,600 people. |
| April 26 2018 | The FAA limited ETOPS for Package C engines, affecting multiple airlines including Air Europa, Air New Zealand, British Airways, and Virgin Atlantic. |
| April 19 2018 | EASA issued an Airworthiness Directive highlighting potential blade cracking issues in Trent 1000 'Pack C' engines, increasing inspection rates. |
| April 17 2018 | The US FAA confirmed a reduction in ETOPS (Extended-range Twin-engine Operational Performance Standards) for Trent 1000 Package C engines from 330 to 140 minutes. |
| 2017 | Rolls-Royce began design work on the £90 million test bed 80, a state-of-the-art testing facility for large engines. |
| 2017 | Durability problems persisted with 400 to 500 Trent 1000 engines in the active fleet. |
| November 23 2017 | Introduced the Trent 1000 TEN version into commercial service. |
| February 2017 | Rolls-Royce posted its largest ever pre-tax loss of £4.6 billion, including a £4.4 billion writedown on financial hedges and a £671 million penalty to settle bribery and corruption charges with multiple international authorities. |
| December 7 2016 | The Trent 1000 TEN version completed its first flight on a Boeing 787. |
| July 2016 | Received EASA certification for the Trent 1000 TEN version. |
| March 2016 | Rolls-Royce Trent 1000 engine achieved a dispatch reliability of 99.9 percent and four in-flight shutdowns, with a rate of 2 in-flight shutdowns per million flight hours. |
| February 2016 | Discovered corrosion-related fatigue cracking of intermediate pressure (IP) turbine blades, which led to grounding up to 44 aircraft and cost Rolls-Royce at least £1.3 billion. |
| 2015 | Rolls-Royce continued to issue profit warnings, with revelations that their profits would have been £900m lower than the £1.4bn reported if following the new IFRS 15 accounting standard. |
| April 17 2015 | Rolls-Royce received its largest order to date, worth £6.1bn, to supply engines for 50 Emirates A380 planes. |
| 2014 | Rolls-Royce began issuing profit warnings due to US defence cuts, offshore oil and gas market downturn, and challenges in civil aerospace business, initiating job cuts of over 3,000 employees. |
| 2014 | First run of the updated Trent 1000 TEN version, incorporating technology from the Trent XWB and Advance3 to improve fuel efficiency. |
| March 2014 | Rolls-Royce held 321 (31%) of the Boeing 787 firm orderbook for engine supply at this time. |
| 2013 | Sir Ian Davis succeeds Sir Simon Robertson as Chairman of Rolls-Royce Holdings |
| 2013 | Warren East becomes Chief Executive of Rolls-Royce Holdings |
| September 2013 | Package C Trent 1000 engines were EASA certified, offering 1% better fuel burn than originally specified. |
| July 2012 | Following Goodrich's acquisition by United Technologies Corporation, Rolls-Royce announced purchasing Goodrich's 50% share of Aero Engine Controls. |
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This contents of the box above is based on material from the Wikipedia articles Rolls-Royce Trent 1000, Rolls-Royce Holdings & Rolls-Royce SMR, which are released under the Creative Commons Attribution-ShareAlike 4.0 International License.